Topic: How to developed your capital - page 5. (Read 1464 times)

Reading a book is really important for starters, as it gives the readers basic information or background about certain topics like about the financial management. Not only that there's a steps and tips to follow but once the reader absorb it, it could change one person's perspective and mindset by just having a knowledge. As times goes by really fast, there's a lot of new things and trends that are not implemented on the book which some of the advises are not applicable to the current time. Now we're in the era of technology where internet exist, you could just surf the web and you could also read some books online for free plus there's a lot of sources that you could rely on so you could have 2nd opinion on information you were looking for.

Reading books remains an important thing with the aim of increasing our understanding and thinking. and this is a very useful thing. However, it is not enough for us just to read books, but we also implement what we have read and about what we learn after reading as a form of actualization and as a form of knowing that we understand what we read.

And it's true what you say. However, that does not mean that reading books is useless and does not have any effect on us. And all the good things we do will definitely benefit ourselves.
It's just that currently, with the development and progress of the current era, it is not enough for us to just read books, but we also have to be able to absorb existing information and this can be done via the internet, so that we are able to answer existing problems.

This may seem like good advice at first glance, but in fact I find it useless. The fact is that now the information is updated very quickly, new concepts in cryptocurrencies are added every month, and some abbreviations are replaced by others. And only the one who is fulltime looking for information in the world of cryptocurrencies is in the course of all changes. And books are static and the information in them quickly gets stuck. It is better to read the Internet.


That's right. And you start appreciating money only when you drive yourself into limits. When you know how much you are allowed to spend.
In another way, it is almost impossible to understand where you can spend more money and where not.

The principle is the extent to which you are able to sell the products available and coupled with the amount of capital you invest in the business, the more complete the products you offer for people's needs, the greater the sales and profits you generate. This is a valid business formula and you will not have a chance to get big profits if you only rely on small capital in the business you are developing. Similarly, when it comes to investing in Bitcoin, it is more profitable if you have large capital, although there are certain ways that can lead someone to collect bitcoins and you also need knowledge of the right way to do it.

Talking about business or investment cannot be separated from the extent of capital you have because sometimes what hinders us from doing so is because of the unavailability of capital. We can develop capital with the necessary support and what we need to remember is that money is a resource that can make someone more optimal in generating large profits anywhere.

I wouldn't go as far as saying that it is meaningless. There is no guarantee that everyone here doesn't have their own wealth, there are surely members here who are richer than others, and they have the capability to share their experiences and advice with those who are currently going through what they already did. It is best to consider that some of us have been in the system for a long and some are just new here, hence experiences are different and therefore can be shared as others try to see others' perspectives to at least have an outside opinion of what to do and not to do. Essentially, while it is true that we have our own path to success there is nothing wrong with asking for other's opinions and insights from their own experiences as it sometimes allows us to consider possible outcomes of our actions and decisions.

Sickness is an unexpected thing for everyone, so everyone must have a level of preparation for this even though it basically has nothing to do with a business. Because someone who is running a business only needs to do their best so that the business can continue running and not experience losses due to things such as wasting money on things that are not needed for the business. Although everyone has to take care of their own health in all conditions and I don't think this has to be related to business or other jobs.

If the business capital is capital from the proceeds of the loan, I don't think only the mentality of the businessman will be disturbed. However, business development will also be disrupted and will not be completely smooth because the business owner has to think about paying off the loan when it is due. So for your experience on this one I also agree more because using your own capital at a minimum is a much better thing than borrowing from other people with an agreement to pay it off at a later date.

Capital development is no different than asking someone how to get rich and in my opinion this is meaningless when asked here. Because everyone here is also looking for their own wealth, we are all looking for answers. There are countless ways to improve our finances and we need to experience it for ourselves to find the solution that works best for us. Just reading and following advice on the internet or from people who have not been successful will only waste our time. Each person will have a different path to success, so we need to step out of our comfort zone to find what is the best path, IMO.

Hiring people you know you can trust because you really know them is really a good advantage in business. Apparently, it will not be difficult to build a relationship and communicate with them. And you know, if you are the owner of the business, that they can do their jobs properly according to the skills that each one has.

And when the situation is like this, you will see that the flow of your business will be good, so the capital you used here will grow more because you have confidence in your staff that they will perform well and that their communication skills will be good with the customers that you will build. .  And when this is the case, I think it will have a good result for the future customers of your business.

this is very useful op, in the business world you really have to be able to manage finances and also in my experience we shouldn't be wasteful and there has to be money that can be saved and indeed maintaining health is the main thing because if we get sick of course our money has the potential to decrease because it's used for health costs.

and in my opinion the most important thing and according to my experience is don't start a business using borrowed money, because if business uses borrowed money it will make us mentally disturbed.

I think it depends on one's point of view. If it were me, I would spend 70-80% of my capital to focus on investing and try to endure for a few years. I mean, many people are focusing most of their money on investing but that doesn't mean they will spend their whole life investing. They will focus for 5 to 10 years to achieve success and then they spend the rest of their lives enjoying life. If your way is to only invest 30% of your capital, your path to success will be longer, possibly taking 20-30 years. Both have their pros and cons.

Yep, Bitcoin investment can be one of the options to make wealth. People can develop their capital by investing in Bitcoin. However, it requires time for holding and take profits. People who want to develop their capital quickly, can't take this option. Bitcoin is only suitable for people who has the intention for a long term target. We are holding at least 3-4 years for taking profits optimally in Bitcoin.

Anyway, applying Bitcoin for a payment tool in our business isn't that easy. In some places, it is still not allowed. But to use Bitcoin for an investment, I think it is mostly accepted in most places.

Capital can be developed through the effort we take to increase our savings avoiding the unwanted expenses. For now the best way I followed earlier is just set a target with some timeline. Within that I do the best avoiding unwanted expenses and reach the target. From that point I just use the capital into some investment. From the investment we'll get profit periodically and the same will be further developed as capital for further investment. Whenever we think about investment we should be good enough to limit ourselves from spending which lets us achieve our task earlier than calculated.

I don’t understand you when you say, one has to work hard to attain the attributes in OP or perhaps that’s not what you’re implying.

Sincerely, I don’t think having to archive certain attributes to life has to do with working hard. It’s simply one having to be disciplined and futuristic about their planning that’s all. When you become so conscious of a tomorrow and realize the fact that, what isn’t invested has a potency for decline, you would think twice on how you use your generated funds. But, before you think of managing funds, you’ve got to have something going and you need capital for that. How do youths come by these capitals,

1. Legal means: This encompasses, grants, inheritance, working a job, selling some skill or course and some petty sales. Haven’t generated some funds, it falls to you in how to manage it for increase.
2. Illegal means: As much as it remains a not adorned aspect to generating funds, some have made fortune out of illegal schemes. One thing is for sure about this though, you often have a price to pay for it and the law is bound to catch up to you some day.

Actually investing is most important how to prepare with our future, but I don't fully agree with that opinion because not all money have to invest and we need to enjoy as much possible with our hard working. Many people priority for investing their assets first without enjoying with their achievement working full time and not spent yet their money for travelling or enjoying to make their happiness. Not push your self with investing all capital and seems 75% of our capital used for investing as huge amount.

You can't life with 25% of your capital actually when living in some country have higher life cost, spent about 30% of your capital for investment and left 70% use for your daily needed because your body need to enjoying after hard working every day.

Alot of people been chanced with the opportunity to make wealth through their decision on bitcoin adoption, it could be evident from those that earlier adopted it, you can imagine if some are still holding to this time, what it could have amount to, in business, we can decided to accept bitcoin as a payment currency, an asset or even investment that we can use to make the desired goals come to pass.


Most of the people who make loses could be attributed to their own personal mistakes or lapses, nothing is wrong with bitcoin, but there's much wrong with how some investors got exposed about bitcoin and how they can make the best advantage of using it for their profitabilities.

Investing is very important to guarantee our life in old age. If you are still young now, spend your youth, where your enthusiasm is burning and your body's endurance is strong, to deepen your knowledge, improve your abilities and earn as much money as possible. We need to do this and make the best use of it and when you get older, let your money work through the investments you make, so that you still have an income even though you are no longer working. In this way, to a greater or lesser extent, your needs can be helped in your old age and not make your children a guarantee for your old age.

It is necessary that the capital works, because if the money just lies, then inflation reduces their purchasing power. Choosing a sound investment is very important in the long run, as it is just as important to keep it as it is to multiply it. If you take the right steps, then your capital will always increase, and you can even calculate the estimated amount of profit that will be received.

Learn not to force investment but look for gaps to use it and build discipline to reach the binding investment stage by remaining consistent even though it must start from a small capital. Make a reference regarding income and what percentage can be placed in investment without ignoring other needs, if you already have a much clearer formula, even though the investment made is small but over time it will continue to grow. The ease of undergoing investment is not in the big or small steps, but how you know the portion in accordance with the use of existing capital.

So that the investment that is undertaken will not stop when you get losses at the beginning and will remain consistent in maintaining it. Everyone would want a big profit when undergoing investment, but unfortunately there are many people who do not understand the pattern. So that every investment only rests on profits and never has a strategy to continue to collect it even though we have not obtained profits because it places a long -term pattern.

Maybe the research you did has a point. But do you carry out such research, to all groups of young people?

Because young people who are born are well off, it is really too outrageous if the gifts given are not put to good use in their lives. But what will happen to the younger generation who are unable or even deprived financially. Do you also include such young people in your research?
Because if young people have a lot of money from their parents' assets, and young people who are less well off financially, the response must be different. Because one has capital and one does not have capital. So in conclusion, what should be prioritized is young people who have capital, because young people who do not have capital will definitely not be able to save or invest. So even though have the desire, situation is financially inadequate.

These tips are indeed very good and very appropriate to apply to the younger generation. But the context of the young people you mean, seems to be young people who already have passive income. So for young people who don't have an income, it doesn't seem to fall into the category of tips that you provide. Because I see here you are leveling all young people. But even so I really, really agree with all the tips you give.

Well someone who is already a professional may already have a lot of experience as a basis in himself, they already know the various conditions that are there and that they will experience, with that someone who already has experience will tend to be easier to do or live it. But honestly I think it doesn't matter if a beginner wants to try it, someone has to be willing to take risks if he or his knowledge wants to develop, and that will make them a professional in that field. But I also don't mean or wouldn't put too much pressure on them to do it, because obviously only they themselves know about what they want and what's best. So for them (beginners) I hope they look into the risks involved in the field they're going to do, don't be stupid, meaning don't just rely on courage but you don't have any knowledge.

I agree with what you mentioned above, there are already quite a lot of references that we can get to increase knowledge or insight, you can search from the internet or take special training that can be used for your basic knowledge before starting a business. What you have to have here is capital and also mentality, for capital as you said there are many banks that provide loans and for your own mentality please do as I explained above. Because it will be able to help you survive in this very tight business competition. That's right, start from a small business, if you see that the performance of the money you spin is good then you can do it with a larger capital from the spin results.